Lakshmi Mittal buys Anglo American, Lafarge’s UK assets for £272 million
Quotes

Lakshmi Mittal buys Anglo American, Lafarge’s UK assets for £272 million

Last Updated: Saturday, November 17, 2012, 12:19
 
 Comment 1
 
Lakshmi Mittal buys Anglo American, Lafarge’s UK assets for £272 million
London: Mining firm Anglo American and cement maker Lafarge have sold one of the UK’s biggest concrete plants to Indian business tycoon Lakshmi Mittal.

The Indian-origin steel tycoon purchased Lafarge, and AA’s assets for 272 million pounds.

According to the Daily Express, among other assets the deal includes Anglo-owned Tarmac’s 50 percent stake in Midland Quarry Products, one of the country’s biggest hard rock suppliers.

The sale was a condition by the Competition Commission to allow Tarmac and Lafarge to combine their building materials activities in a joint venture.

According to the report, Mittal said the business deal reflected his confidence in UK growth.

ANI



First Published: Saturday, November 17, 2012, 12:16


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved